Johnson Outdoors Q4 Loss Narrows - Quick Facts

(RTTNews) - Outdoor recreation company Johnson Outdoors Inc. (JOUT) posted a narrower loss for the fourth quarter, with a modest 10 percent growth in sales, due to double-digit growth in both Marine Electronics and Outdoor Gear units.

The company's net loss for the quarter narrowed to $0.8 million or $0.08 per share from last year's $3.5 million or $0.35 per share.

The firm said its operating loss narrowed year-over-year to $1.3 million from $4.7 million, due largely to the increase in sales volume. Total sales for the quarter grew 10 percent to $84.9 million from $77.3 million last year.

The company said its fourth results historically reflect an industry-wide slowing of sales and production, owing to the seasonality of the warm-weather outdoor recreational equipment industry.